Published: Sat, January 13, 2018
Business | By Tara Barton

General Electric Company (NYSE:GE)

General Electric Company (NYSE:GE)

The conglomerate reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.49 by ($0.20). The company has market cap of $3.81 billion.

The stock decreased 1.23% or $0.07 during the last trading session, reaching $5.62. The stock had a trading volume of 13,917,751 shares, compared to its average volume of 81,501,875. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since January 12, 2017 and is uptrending. It has underperformed by 2.72% the S&P500. Corbenic Partners LLC grew its stake in General Electric by 15.7% during the second quarter.

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $164.85B. The Signaturefd Llc holds 51,122 shares with $7.88M value, up from 47,364 last quarter. The stock decreased 0.76% or $0.145 during the last trading session, reaching $18.875. General Electric has an average rating of "Hold" and a consensus price target of $23.19. Argus dropped their target price on shares of General Electric from $30.00 to $27.00 and set a "buy" rating for the company in a research report on Monday, September 18th. It has underperformed by 4.60% the S&P500.

Among 8 analysts covering Masimo (NASDAQ:MASI), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 48% are positive. New Flyer Industries Inc. had 25 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Monday, September 11 with "Sell". On Tuesday, July 26 the stock rating was maintained by Bernstein with "Market Perform". The rating was maintained by TH Capital with "Buy" on Wednesday, August 5. Morgan Stanley maintained the stock with "Equal-Weight" rating in Wednesday, September 27 report. The firm has "Buy" rating given on Wednesday, October 14 by S&P Research. The stock has "Sell" rating by Standpoint Research on Friday, July 22. Independent Research upgraded AT&T Inc. The firm earned "Buy" rating on Friday, November 6 by Roth Capital. National Bank Canada has "Outperform" rating and $20 target.

The company's consensus rating on Reuter's scale remained unchanged from 1 to 1 during a month.

Investors sentiment increased to 1.14 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. 121 funds opened positions while 587 raised stakes. Commonwealth Equity Ser Inc invested in 0.76% or 5.26 million shares. (NYSE:T). Modera Wealth Management Limited Liability Company has invested 0.32% of its portfolio in AT&T Inc. The shares were bought at an average price of $18.27 per share, with a total value of $1,096,200.00. North Dakota-based Viking Fund Management Ltd Liability has invested 0.39% in BlackRock, Inc. Cleararc Capital Inc holds 196,219 shares or 0.71% of its portfolio. (NYSE:T). 131,517 are owned by Ashfield Ptnrs Ltd Liability. First Foundation Advsrs holds 133,456 shares or 0.18% of its portfolio. The insider, DYESS KIRBY, now holds 14,949 shares of POR. Weaver C Barksdale And Assocs holds 41,123 shares or 1.8% of its portfolio. Fincl Consulate accumulated 21,473 shares. Uss Investment Mgmt Limited has invested 0.06% in AT&T Inc. Sumitomo Mitsui Asset Communication Ltd accumulated 758,416 shares or 0.29% of the stock. Of those transactions, there were 151,594 shares of POR bought and 86,553 shares sold.

Has $2.48 Million Position in Crescent Point Energy Co. (CPG)
Finally, Nationwide Fund Advisors boosted its position in Crescent Point Energy Corporation by 99.0% in the second quarter. It increased, as 17 investors sold CPG shares while 41 reduced holdings. 11 funds opened positions while 49 raised stakes.

Since August 16, 2017, it had 0 insider purchases, and 5 sales for $18.46 million activity. 103,983 shares were bought by Flannery John Leonard, worth $2.66 million.

Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. Its down 0.10, from 0.79 in 2017Q2. It fall, as 112 investors sold GE shares while 818 reduced holdings.

General Electric Company (NYSE:GE) recently saw its volume around 82.25 million shares and on average it trades 80.55 million shares a day. Sageworth invested in 0% or 150 shares. Hbk Sorce Advisory Limited Com invested in 174,549 shares. United Asset Strategies Inc sold 50,295 shares as General Electric Co (GE)'s stock declined 7.64%. Peak Asset Mngmt Ltd Company holds 43,769 shares. Caterpillar Inc (NYSE:CAT) was raised too. Adams Asset Advisors LLC acquired a new stake in shares of General Electric during the 4th quarter worth approximately $624,000. Moreover, Blume Cap has 2.78% invested in General Electric Company (NYSE:GE) for 217,238 shares. Greatmark Inv accumulated 116,838 shares or 1.08% of the stock. 67,731 were reported by Adirondack. LLC boosted its position in shares of General Electric Company by 0.3% in the third quarter.

General Electric (NYSE:GE) last released its quarterly earnings data on Friday, October 20th. General Electric's revenue was up 11.5% compared to the same quarter last year. analysts predict that General Electric will post 1.07 earnings per share for the current fiscal year. GE's profit will be $2.51B for 16.32 P/E if the $0.29 EPS becomes a reality.

Kcm Investment Advisors Llc, which manages about $2.95 billion and $1.64 billion US Long portfolio, upped its stake in Microsoft Corp (NASDAQ:MSFT) by 10,958 shares to 356,677 shares, valued at $26.57M in 2017Q3, according to the filing. It also reduced its holding in Marsh & Mclennan Cos (NYSE:MMC) by 6,079 shares in the quarter, leaving it with 1.15 million shares, and cut its stake in Nextera Energy Inc. Therefore 38% are positive. Portland General Electric had 15 analyst reports since July 28, 2015 according to SRatingsIntel. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Monday, October 19 with "Buy" rating. Citigroup maintained it with "Buy" rating and $28 target in Monday, October 23 report. The rating was maintained by Global Equities Research with "Buy" on Tuesday, August 25. The firm has "Hold" rating given on Thursday, October 6 by Berenberg. The company was maintained on Friday, December 22 by Stifel Nicolaus. RBC Capital Markets maintained the shares of GE in report on Monday, October 19 with "Outperform" rating.

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